deciding china for its trade and currency practices it is nice to see if you're going to read for it's from honolulu. it looks like a new cloudy chapter in the book of currency wars between the united states and china has certainly been opened here at the apec summit in honolulu as broke obama is seeing really mounting pressure at home to create more jobs and take a stab at a tougher stance on china he has been saying here in honolulu that it's time for china to start playing by the rules of the u.s. currently doesn't have a lot of leverage when it comes to dealing with china as china of course is the largest foreign creditor for the united states holding over one trillion dollars in u.s. debt. i. mean there is any u.s. state where the movement has little chance it's probably why despite the high concentration of politicians in wall street be quick socializing at the apec summit the only place people are willing to occupy here on the ass of the beach is with one exception these protesters are against greed and social injustice they're

against economic inequality and they are against china. that. the mood at the podium was similar to look hostile i think we can benefit from trade with china and i want certainly to continue cultivating a. constructive relationship with the chinese government but we're going to continue to be firm in insisting that they operate by the same rules that. everybody else operates on his political opponents were even in the village here and i happen to think that the communist chinese. and. history if they do not change their virtues we have to have china understand that like everybody else in the world stage there to play by the rules rules rules and

again rules as a country that's been ruling the roost for decades the united states has. never been shy of policing all others but as china's g.d.p. continues adding nine percent a year against the two and a half percent growth in the u.s. the reprimand seems to be internally driven conformant he's one of the top values in the chinese meal default also reflected in the country's political and economic policy if it's not that china doesn't play by their rules it's actually quite the opposite what the united states seems to have an issue rip is that increasingly china rules that they pretty much washington would prefer to keep it. as the u.s. president hailed his new free trade asia pacific pact as a win win to boost trade in the region some in china took it as a predator effort to change rules made. free trade to be. in the eyes of the beholder. treat for you protection this for me provided that i get to protect my precious. industries that well will.

so it's always a dilemma as to how. as the euro crisis continues metastasizing throughout the world and china is asked to shoulder the load many analysts say the west should keep in mind its old adage about he who pays the piper china is really in the driver's seat in many respects and this is coming out an awkward time for the united states because the united states is clearly a declining power at the same time and is having trouble adjusting to what that means many chinese proverbs are difficult to translate into english here those about money usually have exact equivalents one of them is money makes the world go round the concept experientially familiar to washington and progressively so to beijing it's kind of like the arts at the apec summit in honolulu russia is in fact pretty excited to host the apec summit next year in the far eastern city of lot of

basically russia is not only. just geographically very well strategically placed for the asia pacific. gathering and this big economic group because of the where it is on the world map it's really convenient in terms of reaching the goals of the group in terms of trade investment so on and so forth but it's also traditionally been a big mediator when it comes to certain misunderstandings between world players so this is certainly a good role that russia can play when it comes to continuing to develop the goals of the gathering and of course last but not least you know russians obsession to the world trade organization is something that the russian federation has been ready for for quite some time for almost a decade so certainly it's been ready to go this entire time so what better time than now to really spearhead this gathering next year as a full fledged member of the w t o and a situation reporting there from honolulu well now we can talk to professor dillon

do from the chinese university of hong kong thank you so much for being with us here in the program sir so president obama has repeated that china should play by the rules but what rules do they want china to play by can you tell us more. thank you it's my pleasure to be with you again. i think personally obama well president obama. according to economics principles has occurred married to a large foreign exchange reserves so that you can make fundamental. appreciation of the chinese currency and i mean be so that the counter could reduce its exports to the developed world and that you increase the it's imports. so that we as a consequence of you people expect that these will help rebalance the global economy to relieve the global economic difficulties. well the u.s. also says the chinese trade and the currency policies are unfair but who are they

in fact unfair for as we know one man's meat is another man's poison and also shouldn't be china acting in favor of its own interests rather than someone else's . that's a good question. i think. the. trade and the currency policy. i mean the influence. that it's created difficulties for the u.s. to raise employment great. trade the current the difficulties of the u.s. government creating jobs the fact that the u.s. has lost the competitive compared to the advantage in most of the traditional manufacturing industry. is too hard to justify. moving production side to back to you so you when you reduce its exports to the

u.s. by increasing its. other low wage emerging market countries so quick to step into a reprieve. to export to excel for most of manufacturing products. to the u.s. so these kind of debate i think the chinese leaders are quite clear minded upholding the interests the national interests. the there are signs that the chinese be there is tough and that it's a stance against the u.s. pressure. appreciation reason that we know that recent thread the chinese prime minister. took a tour through. some problems that. he heard the complaints of. exporting and the prices well the a complaint. you know as we have seen lately the interest of some of the western countries and us is no exception is shifting eastwards as you've just been telling

us there has been there have been a lot of developments in that part of the world but in your opinion why is the u.s. zeroing in on china. so much now you know i think well i'm a possibility were impossible really is that the u.s. presidential election is approaching. the try and your case that you can use economy and they can use currency to use the are used as a scapegoat for you as a difficult economic difficulties again. recent thread that's why the us is nearing its appearing on. all right professor john duis history of the chinese university of hong kong thanks very much indeed for being with us here in the program thank you for. asia pacific leaders in hawaii were also keen to shield themselves from the fallout in the euro zone in europe itself it's all change as technocrat

governments take over greece and italy in rome commissioner mario monti is starting talks to form a new cabinet to tackle debt or to serve earth explores whether leaders that no one voted for will do a better job down the old crew. it was never going to be easy. to unite here at seventeen countries of which you know on the one currency from the very beginning attracted fierce criticism we've witnessed the beginning of a dishonest and downright dangerous german president yeah to revive the constitution but to do it in such a way that you want to avoid referendums in the key member states some might now be wishing they'd heeded the warnings to one after another the member states became too vocal and he's the latest country to come under scrutiny we have been witnessing in the last long. growing pressure from europe and i'm talking in particular from france and germany hardly the u.k.

certainly the european parliament and the commission is going to start but the crisis is safe in the leaders of greece and italy placed by people who have never elected to office he know their way around brussels here it is totally with berlusconi now gone doesn't. paying for reforms now need to be implemented to meet tough. for the first time since the crisis began talks have now begun to turn to the possibility of exit from the year or the creation of the cool europe countries like germany seem to be leading the way but i think it's not in the best interest of the germans to keep on going with this i think you know you you have behaved badly we're going to punish that's not a union in united states of america they've behaved badly imagine taxes behaving badly when you think obama's going to we're going to kick you out of united states of america no they're not going to do that because the stands in the bad year are

greeted a good year a great has not gone on missed by struggling countries was this clear that those who haven't spent less now face the painful starting measures the sense of being treated like a naughty school child. and he added to the growing strain in the community it's only now because well so the say there will expose much more france and especially germany to the times there are the must be up to us to say to to express a political leadership not just for their own countries but for europe as a whole your attentions have not called on this by the financial markets punish political leaders the tracking the feet in dealing with the crisis the struggling economies like italy and now cool stuff even the new you breathing the mistakes it's least being considered by many the test case for the entire a year you say it fails and it could take down the entire fifth the the question now is whether or not those measures can fix whether we'll see them going the same

way as previous measures put forward by european leaders who say fall fails to come up with a convincing rescue service. and many a story still to come this hour here in the army now well almost tough military line discipline looks set to be introduced in some u.k. schools but will it make the unruly youth perfectly behaved we investigate also. plan a budget cuts in the u.s. threaten to hit those who guarantee america's security the hardest more in just a few minutes. syria has called an emergency meeting of the arab league in an attempt to reverse the decision which saw it suspended from the organization the freeze on the country's membership and accompanying sanctions received white support from the e.u. and the u.s. an overwhelming majority of member states voted for the measure to urge president bashar asad to stop eight months of violence but it also triggered new protests in

attacks on the turkish french and saudi arabian embassy in damascus dozens more people were reportedly killed across the country on sunday in the latest wave of crackdowns on anti-government protests author and journalist option return thinks the conflict in syria is being fueled from abroad and could drag on for some time. many syrian soldiers have died in the conflict they don't normally report here they just say civilians where are they getting the weapons from lockheed martin exhibiting in the dubai. profits are up they said profits are very good in the middle east at the moment what i think i fear and what many analysts may be fearing at the moment is that a saudi backed proxy war will continue and there will be an insurgency that is fighting in syria against the assad government will continue to cause instability in syria and beyond and this will be a sort of slow burn phenomena with the united states and europe taking a kind of backseat almost and also forget that turkey has been actively involved in

the even told us diplomatic and as i understand it was advised its citizens to leave syria to turkey game here and the media is playing a massive game television station al-jazeera very obviously wanting the four of us out at the moment and the western media to. three man crew bound for the international space station has successfully lifted off from the baikonur cosmodrome in kazakstan it's the first manned flight after a similar saw his rocket carrying an unmanned supply vessel crashed back to earth shortly after take off three months ago and was on the launchpad for us. launch time of the baikonur cosmodrome these three men have gone up to join their colleagues on the international space station but they're late and unhappy about why it is a risky business you can never eliminate risk altogether that that's the bargain that you make for the privilege of flying humans in space and accomplishing what they do up there on the twenty fourth of august

a supply rockets engines failed on its way up to the i.s.a.'s and it plummeted back to worth with a bang it was unmanned but all launches were put on hold amid worries about the safety of soyuz rockets now the only link to the space station crew since the last u.s. shuttle flight in july. this crew of their launch date set back their relatives were especially nervous to talk to the progress crush what do you think about your husband's launch coming up so soon. it's too difficult it's better not to talk about it because. the crew themselves though accept the dangers as part of the job . because we're upset about the accident of course but every big project has some room for failure unfortunately this is not completely avoidable but we shouldn't dramatize the situation. was we could see the rocket taking off with what's

appropriate. and so it was that the rocket was lifted into place on its launch pad with deep sighs of relief all watched as the rocket blasted successfully into orbit leaving the crew to experience what all the rest of us only dream about. you can actually gets a good movie earth during the flight in the spacecraft era but it surely will have time to enjoy better while on the international space station for that view and from ams future in space they say the risk. is worth it tom barton r.t. . the u.k. plans to get tough on gang culture by opening schools with stringent army like discipline the measure was proposed in response to the riots that shook the u.k. in the summer and while the plans are there is believed discipline is key critics fear it could actually alien a problem use further are bad explains as the going gets tough the tough get

going army boot camps are the places set out of line it's this culture of self control the government now wants to bring into schools so it's calling on the cavalry will former soldiers to sort the front line to the front of a classroom following the riots across the u.k. the government far striking troops into teaching as a way it says to restore adults or thirty wants to provide more male role models even giving teachers new powers to use physical force as a way to control disruptive peoples it's not a bad thing for children to know where they stone. if they step this side of the lie they will be punished accordingly if they stay on the right side of the line. in the confines of the law and they will not be polished it's a line few would cross with a teacher like this afghans going to be headmaster at a new school where every teacher will be

a former soldier uniform inspections and military style roll calls but with the polish of a strict routine when you can maintain discipline in the theater war which is the most high pressured situation you can maintain discipline in a classroom in oldham but with corporal punishment now a step closer many fear it will push an already alienated youth further away i think they would start building their own gang as they've done towards the police now i've seen the police behave towards our kids is to gangs isn't it you could say the police are a gang it would be the army case the kids i think they would become more unruly this charity takes in problem people's the state system chucks out and turns their lives around according to teachers here it's about finding the right kind of stimulation rather than just cracking the whip they become unruly because they're bored putting discipline in isn't the answer just on the tone this is yes but actually making sure to go something at their own level for this sixteen

year old that happened to be art he was expelled from school after what he'll only refer to as an incident and is still too afraid to be identified back then he was on course to fail all his exams but after just a year he passed fourteen a far cry from someone supposedly too disruptive to teach. more discipline for children in schools do you think that would have worked for. only one. class of poor and cause there's no talking it's just strict work. for coastal the wouldn't really want to. to deliver some good individual attention was the only thing that turned this boy's education around but with a system that prides itself on conformance see the battle could be only just beginning august and it's on t.v. . and you can always find more stories on our web site here's a quick look at what else is lined up for you today at r.t.

dot com. even if colonel gadhafi had lived another one hundred years he could not have killed more people than nato did during its bombing of libya that's what one syrian diplomat believes so watch his interview in full at r.t. dot com. and in the caucuses there is no winner in the republic of south the city is first round of voting with none of the presidential candidates getting their required number of votes and find out who is left to fight it out in the second round at r.t. dot com. one person is unaccounted for after a fire broke out on a cruise ship in moscow in the early hours of monday morning thirty one people were on board of the time most escaped unharmed only for reporting injuries the missing person is reportedly a crew member the cruise ship sergei abramoff was build in one hundred sixty and fully renovated in two thousand and three faulty wiring or a careless handling a fire is thought to have caused the blaze well this is not the first incident on the water in russia in the last few months in july nine people died when

a boat collided with a barge and sank in moscow also in july the pleasure cruiser boat garia saying on the volga river in central russia leaving over one hundred twenty dead. in an attempt to slash its huge national debt the u.s. is looking to cut its wherever it can even the mighty to fans budget won't escape as the pentagon looks for four hundred fifty billion u.s. dollars in savings over the next ten years are these military contributor believes the pentagon chief should stand up for those who america's security depends on. today when the debate about the pentagon cots in the full rage and especially when america and its allies celebrate the veterans day and the end of the u.s. marine corps this provides a unique opportunity for the u.s. secretary of defense to tackle the question not what the u.s.

marine corps can do for the pentagon but what he can do for the u.s. marines and here are a couple of suggestions first to exempt them marines from the sequestration and the personnel cuts all across the military services and the reason apart from them or even corps anniversary and events today is u.s. marines can do anything and everything the u.s. army does but they do it much more effectively and efficiently and as time take a look what's happening and this is to me is here with. the morning and welcome to business it's good to have your company it's only has no other choice but to exit the euro zone and bring back its national currency even if

it means the collapse of the euro so says the u.s. presidential i know you know roubini also known as dr do. six countries very silent portugal italy spain and cyprus that have different degrees of economic fiscal and financial difficulties than one or more of them a need to a structure that uses private and public that one or more of them may have to take to the euro zone if enough of them maggs it they was on that day so it's likely implies a breakup of the eurozone well dead maybe swallowing up europe but here in russia the budget position is reassuringly strong however as burbank's senior vice president things will go off believes there is no room for complacency the books may be balanced but the russian economy is still as a number of problems that need address. russia is obviously in a very different situation as as a whole countries russia faces challenges but those challenges are different. and

in fairly good short term position from a fiscal standpoint there are plentiful reserves. being said bush remains critically dependent on commodity prices and. there is some concern over the medium term. security at the markets this was trading near the highest level in more than three months that's on news italy a start to building a new government and passes an austerity budget easing fears of a europe's debt crisis light sweet is still above ninety nine dollars per barrel brant is that hundred fourteen. in asia stocks are up to their picking up from news in europe financials and real estate firms are gaining in hong kong so i know land one of the biggest gainers bank of communications adding around two percent tokyo listed stocks getting a boost from news that japan's economy has grown in the third quarter following

three quarters of contraction. russia starts of the week on a positive note with my six shooter forward one percent in the first minutes of trade financials are in the lead was begging to be to be more than a percent higher. cats are risen talks to acquire a stake in the arctic liquefied natural gas project led by russia's gas producer nova tech the amount of projects is expected to produce five million tons of l n g a year when production begins in twenty sixteen and is to reach fifteen million tonnes in twenty eighteen qatar's energy minister mohammad al sabah says the country is keen to take part. up on it's very much interest in the ne investment. generally and what he does and can you can subpoena money is. an important one to extend we are going to be listening. to.

participate in the. project and we are. going to be discussions and negotiations on a one point. comic over a noise setting up at cern bank in russia the french companies then there will no credit at all i said that is opening a subsidiary in moscow with funding of four hundred million euros the bank will provide car loans and underwrite dealerships of an over the end of this and not overrate some twenty seven countries and makes a profit of seven hundred million dollars a. that's it from this edition of the business news on the sea coming up next the headlines.

twenty years ago the largest country in the disintegrator to. what had been trying. to teach began a journey. where did it take them. well

. it's technology innovations all the latest developments around russia we've got this huge earth covered. go back to watching r.t. live from moscow these are the top stories the latest summit of pacific powers in

hawaii opens a financial can of worms between the world's two biggest economies the u.s. has criticized china for its trade and currency practices and cold in it to play by the rules. syria seeks to reverse the arab league's decision to booted out of the organization and that growing anti regime protests which critics claim are sponsored from abroad the freeze on the country's membership received wide support from the e.u. and the u.s. . and a blessing off for orbit a crew of three had to the international space station in russia so use rocket it's the first launch since a similar rocket carrying in a command supply craft crashed back to earth three months ago. when next we discuss the possibility of israel attacking iran has nuclear facilities in our interview. with now have you have mary a long time israeli peace activist and a former member of the israeli parliament.